Social Security Lockbox

[Riot]

Social Security is fully funded for disbursements through 2037, and at 78% after that for years, if we do nothing to it. A minor tweek, such as raising the cap to $150,00 or $200,000, would fund it virtually forever at current benefit levels. And yes, SS is safely kept in US Treasury bonds. We have no anticipated trouble paying ourselves back as we need it. SS has never, ever missed a payment, and there is no indication or reason it ever should.

As long as the Tea Party never gains a majority in Congress, the full faith and credit of the US should be okay.

I''d guess that most of the people on this list, less than 30 years of age, have very minimal to no self-funded retirement accounts. Social security is a fallback insurance - not intended to be a primary retirement. It's meant only to keep the elderly from starving and being on the street poor, as used to happen.

Medicare needs help, yes. And state Medicaid contributions are terrible (they talked about that when they passed the ACA, what stress the requirements would put on the states, which is why the feds will step in and help alot) But not SS, that is most certainly not in any panic state.